EmpireOption Review

Overview

EmpireOption binary option trading platform EmpireOption is founded in 2010 and is based in Uruguay. EmpireOption is the most famous binary option broker running on SpotOption software. The trading platform… more

American stocks, major forex pairs, commodities like gold, silver, oil and coffee and the most often traded indices

Option Types

basic or classic binary options, short term options, long term options, One Touch options and Pair options

Account Currency

You can fund your account with any currency which will then be converted to the currency set under the 'my account' tab in EmpireOption

US Traders Allowed

Mobile Trading

Tablet Trading

Overall Score

8.5

Full Review

EmpireOption binary option trading platform

EmpireOption is founded in 2010 and is based in Uruguay. EmpireOption is the most famous binary option broker running on SpotOption software. The trading platform is available in 5 languages and is accessible for traders from the United States. With the free to download binary option trading app, traders can trade anywhere, anytime using EmpireOption on their Android or iOS device. The EmpireOption trading platform has different lay-outs and is fully customizable. With ProTrader you can change the user interface to a MetaTrader-a-like trading platform whilst if you use the default settings the platform looks very basic with all information you need to trade binary options at your fingertips. Payout percentages are clearly displayed so that traders know exactly how much return they can expect on their investments.

EmpireOption account types

There are 5 different binary option trading accounts available at EmpireOption being Micro, Classic, Empire Plus, Preferential and Empire VIP. The Micro account requires the lowest minimum deposit of at least $200 or more. Wire transfer, credit card, Neteller and Skrill/Moneybookers are the banking methods traders can use to deposit and withdraw funds from and to their EmpireOption binary option trading account. The minimum withdrawal requirement is $100 and every withdrawal is charged with a $30 administration fee. Higher account types like Preferential and Empire VIP can withdraw without any fees charged from $1.

On EmpireOption binary option traders can trade in basic or classic binary options, short term options, long term options, One Touch options and Pair options. Short term options have three different expiry times being 30, 60 and 120 seconds. The minimum investment amount per short term option is $5. Standard binary options and long term options have a minimum required investment of $25 per option and One Touch options require a minimum investment of $50. On all types of binary options the payout is around 85% except One Touch options, these payout between 250% and 680%. Out-of-Money trades are rewarded with a 10% cashback which means if your trade prediction is wrong or unsuccessful you get 10% of your investment amount back in the form of cashback.

EmpireOption assets

There are 47 different financial assets available on EmpireOption. American stocks, major forex pairs, commodities like gold, silver, oil and coffee and the most often traded indices.

EmpireOption customer service

The EmpireOption customer service is available in 5 languages: English, German, French, Spanish and Portuguese. Each language has it own toll-free phone number and traders can also contact EmpireOption by live chat, email or fax.

However EmpireOption is a great broker and trading platform to trade binary options with, the Micro account only gives traders acces to a few features of the broker. This makes EmpireOption more suitable for traders with a bigger bankroll. The fact that EmpireOption does accept USA clients is a good thing, though and it might be that EmpireOption focuses mainly on USA and Spanish speaking regions. EmpireOption is the most famous Spanish binary option trading platform. The live data feed from Reuters on EmpireOption is excellent and provides traders with real-time market data. The payouts on both classic binary options and advanced type of binary options like One Touch are quite high (85% on standard binary options and up to a massive 680% on One Touch options). The smartphone and tablet EmpireOption app looks very nice and never freezes, as is sometimes the case with the web trader. The huge amount of trading educational material offered by EmpireOption is unbeaten by any other binary option broker and mainly because of this reason I rate EmpireOption a good 8.5/10. My rating could have been higher if withdrawal requests were processed faster on lower account types.

I got ripped off by a scam broker recently, stoxmarket. I had to hire a recovery professional to get my funds back. I'm glad I got a refund lots of traders are struggling with withdrawals. Happy to share my experience.